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that will hurt the economy. and in order to get their right wing tea party folks to even do that, to even extend the debt court of appealing to may 19th, they had to promise them that they were going to slash spending. and the only way to make the math work, i mean, paul ryan wants to talk about the math, the only way to make the math work in the way they approached the budget is to rescind and violate all the promises we made to our seniors, devastate medicaid, transfer rising health care costs on to seniors in medicare, cut investments in education that are important for our kids, all, by the way, all while protecting the tax breaks and loopholes for folks at the high end of the income scale. >> you know, my question for ryan would be, and of course to you, the republicans aren't going to go along with these kinds of cuts in defense. i mean, i think the democrats would certainly pare back on defense spending. but the republicans -- so isn't this somewhat of a phantom budget that he is trying to throw out right
that will hurt the economy. and in order to get their right wing tea party folks to even do that, to even extend the debt court of appealing to may 19th, they had to promise them that they were going to slash spending. and the only way to make the math work, i mean, paul ryan wants to talk about the math, the only way to make the math work in the way they approached the budget is to rescind and violate all the promises we made to our seniors, devastate medicaid, transfer rising health care...
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economy. >> we should not even be having a debate. it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution says. >> the gimmick nature of this whole thing i won't elaborate on, has been done before. >> either way, the passage of this bill has allowed lawmakers to skip from brinkmanship to probably more brinkmanship. looming just over the horizon is a budget battle that could shut down the government and automatic steep spending cuts that could cost thousands of jobs. welcome to the new normal in washington. joining us now from davos, switzerland, is cnbc's squawk box co-host "new york times" columnist and author of too big to fail, andrew ross sorkin. it is great to see you. i can't see the snowcapped mountains in the background, but i'm sure they are there. >> you can't? come on. they're there. they're there. i promise. >> i believe you. >> i promise. >> i want to ask you, andrew, what is the view from davos? >> colder, by t
economy. >> we should not even be having a debate. it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution says. >> the gimmick nature of this whole thing i won't elaborate on, has been done before. >> either way, the passage of this bill has allowed lawmakers to skip from brinkmanship to probably more brinkmanship. looming just over the horizon is a budget battle that could shut down the government and...
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we need to have a strong economy. people need to think we have a functioning political system. we need to have frankly some credibility and not look like washington is kind of a joke, and by the way, that's a message you hear if people doubt t from the top military leaders who say our national security is very defendant on our economy, and clearly pausing to drive home an important message the white house wants out, also in the context of the hagel nomination, to be secretary of defense, the policy of the obama administration toward iran is not containment. it's to stop iran from getting a nuclear weapon. they're willing to use military force, but it was very significant he emphasize that. i don't think this committee has a lot of doubts about where kerry was on iran, but it's clearly a message the white house feels it needs to reaffirm, especially around the questions around senator hagel's statements. those are the three points i took away. >> michael crowley, thank you so much. that's going to do it for "jansing & co." we're going to continue watching this, take a quick brea
we need to have a strong economy. people need to think we have a functioning political system. we need to have frankly some credibility and not look like washington is kind of a joke, and by the way, that's a message you hear if people doubt t from the top military leaders who say our national security is very defendant on our economy, and clearly pausing to drive home an important message the white house wants out, also in the context of the hagel nomination, to be secretary of defense, the...
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the american economy somebody very important to the global economy. we cannot have the kind of nonsense we've had going on in the building behind me and think that that's going to be either good foreign policy or economic policy for around the globe, not just here at home. i think he was trying to remind people we do live in a global economy. it is interconnected and that that does impact our foreign policy and our defenses. >> it clearly does. michael, the outgoing secretary of state said, and i'm quoting her, we are facing a spreading hi hjihadist threat across nort africa. is it your view that the attack on the consulate in libya, the hostage taking at that gas plant in algeria, and the conflict in mali mean that north africa is now the main front for islamic terrorism and how does a new secretary of state confront this? >> great question. i don't know that i would say it's the main front, but it is certainly a serious front and a serious set of interlocked issues. one thing we have to debate on libya, because i've been perp x perplexed as to why t
the american economy somebody very important to the global economy. we cannot have the kind of nonsense we've had going on in the building behind me and think that that's going to be either good foreign policy or economic policy for around the globe, not just here at home. i think he was trying to remind people we do live in a global economy. it is interconnected and that that does impact our foreign policy and our defenses. >> it clearly does. michael, the outgoing secretary of state...
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how would this hurt the economy? >> i don't see how discouraging speculation, which is almost all done with borrowed money. they effectively borrow money at a rate of 30 to 1. you put 3% down and borrow the rest of the money. i don't see how this hurts the economy. and if we reduce this volatility and reduce market distortion, we can get back to having a market focused on investments that create production in the future and wealth in the future, not creaming the market today through speculation. >> quickly, you think this is something congress could embrace? >> not probably in this congress in the house, but i think this is an idea. it's been around for 80 years. we may well see come about, ed, and hopefully we will. we need speculators, but we don't want them to be overwhelming the market. >> all right, david cay johnston, thank you for your time on the "ed show." that is "the ed show." i'm ed schultz. thanks for joining us tonight. "the rachel maddow show" starts right now. good evening. >> good evening, rachel. yo
how would this hurt the economy? >> i don't see how discouraging speculation, which is almost all done with borrowed money. they effectively borrow money at a rate of 30 to 1. you put 3% down and borrow the rest of the money. i don't see how this hurts the economy. and if we reduce this volatility and reduce market distortion, we can get back to having a market focused on investments that create production in the future and wealth in the future, not creaming the market today through...
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e ne prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ get coricidin hbp. the number one pharmacist recommended cold brand designed for people with high blood pressure. and the only one i use to relieve my cold symptoms without raising my blood pressure. coricidin hbp. [ construction sounds ] ♪ [ watch ticking ] [ engine revs ] come in. ♪ got the coffee. that was fast. we're outta here. ♪ [ engine revs ] ♪ >>> coming up, john boehner's miracle. he actually made the debt ceiling disappear today. ezra klein will explain it all next. and in the rewrite tonight, why wayne lapierre's attack on president obama last night was a crime against history. that is coming up. [ male announcer ] this is anna, her
e ne prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ get coricidin hbp. the number one pharmacist recommended cold brand designed for people with high blood...
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reforms to protect consumers and our financial system from the kind of abuse that nearly brought the economy to its knees. today, there are rules to help families. responsible families. buy a home. or send their child to college without worrying about being tricked out of their life savings. there are rules to make sure that financial firms doing the right things aren't undermined by those that don't do the right things and there are rules to end taxpayer funded bailouts once and for all. we also need cops on the beat to enforce the law. and that's why today i am nominating maryjo white to lead the securities and exchange commission and richard corduray to lead the financial protection bureau. this guy's bothering me. as a young girl, maryjo white was a big fan of the hardy boys. i was, too, by the way. >> good, good. >> as an adult, she's built a career they could only dream of. as a u.s. attorney in new york, she helped prosecute criminals and money launders. in the early 1990s, she brought down john gotti. and she brought to justice the terrorists responsible for bombing the world trade c
reforms to protect consumers and our financial system from the kind of abuse that nearly brought the economy to its knees. today, there are rules to help families. responsible families. buy a home. or send their child to college without worrying about being tricked out of their life savings. there are rules to make sure that financial firms doing the right things aren't undermined by those that don't do the right things and there are rules to end taxpayer funded bailouts once and for all. we...
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which is a safety net, having government invest in the economy, build fracture of the highway system like eisenhower did. i think they're more liberal and mainstream than they've been because the right has moved so far to the right they don't want to see government doing anything. and that's not -- i don't think that's what the -- >> and this is a nonpartisan assessment. the democratic party is where they've always been. in some cases moderate than others. the republican party, however, has moved from a center right party i believe towards the rightist party much more so. >> over the last few years. it's also true this speech represented a shift for obama. just a few months ago he was in ohio competing with mitt romney who could love coal more. he wasn't talking about gun control during the campaign. now he's talking about gun control. he's started spinning forward. >> he never played the luddite role. romney talked about switching positions. went from a guy saying of course there's global warming problems to i don't believe it. right? that was a battle on the campaign between a guy
which is a safety net, having government invest in the economy, build fracture of the highway system like eisenhower did. i think they're more liberal and mainstream than they've been because the right has moved so far to the right they don't want to see government doing anything. and that's not -- i don't think that's what the -- >> and this is a nonpartisan assessment. the democratic party is where they've always been. in some cases moderate than others. the republican party, however,...
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can have a booming environment and the economy could take off. >>> finally, before she was the princess of wales, this previously unseen foet yoef a teenage diana pictured with adam russell, son of a former british prime minister is being auctioned off. written on the picture, not to be published. >>> your sports headlines including major college basketball upset and a fine for one of the nfl's most elite players. >>> plus, some takerible timing for one truck driver trying to beat a train. >>> take a look at what happens when you fight a fire in near zero temperatures. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, you know it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-u
can have a booming environment and the economy could take off. >>> finally, before she was the princess of wales, this previously unseen foet yoef a teenage diana pictured with adam russell, son of a former british prime minister is being auctioned off. written on the picture, not to be published. >>> your sports headlines including major college basketball upset and a fine for one of the nfl's most elite players. >>> plus, some takerible timing for one truck driver...
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> in the middle of all of those vile attacks on secretary clinton in her benghazi harings, there was one question that left a lot of people confused. it came from the tea party republican senator rand paul. >> is the u.s. involved with any procuring of weapons, buying, selling, anyhow transferring weapons to turkey out of libya. >> to turkey? i will have to take that question for the record. nobody's ever raised that with me. weapons to turkey? what? secretary clinton clearly had no clue what he was talking about. but, senator paul was so proud of his cooky question, that he went on fox news to brag about it. >> i think arms are being sold out of liby
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ >>> in the middle of all of those vile attacks on secretary clinton in her benghazi...
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we can't continue down this road and expect a vibrant economy and jobs being created, which is the real issue. we've got to get america back to work. and the way that you do that is with real solutions that address the spending challenges that we have, in an honest and sincere way. >> let's go back to the word "compromise." are you willing to compromise? when it comes to the three levers of budgetary power here, the wlous, the senate, and the house, you only control 33% of it. are you willing to take 33% of what you want? >> we're the minority party in washington, there's no doubt about it. we're willing to talk about whatever it is that actually gets us to a solution. the problem that we've had with the democrat-controlled senate in the last two years is they haven't produced a budget, so there's no way to even talk about a compromise, as you're working with the senate, because they don't even say what they believe, what they think we have to do to solve these challenges. so this is a big step forward to force the senate to do a budget. >> let me ask you about march and the expiration
we can't continue down this road and expect a vibrant economy and jobs being created, which is the real issue. we've got to get america back to work. and the way that you do that is with real solutions that address the spending challenges that we have, in an honest and sincere way. >> let's go back to the word "compromise." are you willing to compromise? when it comes to the three levers of budgetary power here, the wlous, the senate, and the house, you only control 33% of it....
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president made no mention of but which is perhaps the most critical issue for the long-term health of our economy, we are not just losing% we' we're gett destroyed. this shows the long decline of labor union membership. just yesterday we received a new and unsurprising data point from the bls. the number of union members fell by 400,000 last year, and overall membership is now at a 97-year low. why does this matter? well, the implication here is pretty clear. as labor goes, so goes the middle class. and make no mistake, labor is going. right now we're locked in a vicious downward spiral. republicans driven by corporate money and a cynical zeal for undermining one of the richest sources of democratic campaign contributions attack labor rights in state after state. they're frequently successful attacks make it harder for unions to organize and lead to fewer people joining unions. with fewer people in unions, there are fewer people who understand the benefits of membership for themselves and their family and there are more people to be talked into the company caricature of union bosses as boorish th
president made no mention of but which is perhaps the most critical issue for the long-term health of our economy, we are not just losing% we' we're gett destroyed. this shows the long decline of labor union membership. just yesterday we received a new and unsurprising data point from the bls. the number of union members fell by 400,000 last year, and overall membership is now at a 97-year low. why does this matter? well, the implication here is pretty clear. as labor goes, so goes the middle...
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so some optimism with the economy. look at the stock futures, the nasdaq still negative, and that has to do with apple. i know you already talked about it, where there are these two very interesting things here. they have $137 billion in cash, okay? they made $13 billion in profit. they're still selling 48 million iphones, 23 million ipads, but it wasn't good enough. the stock down 10%. but they could buy the nba 14 times over. >> any company in this world that has ever had $137 billion -- >> i think absolutely not. >> but the market is interested in earnings more than in cash. and they seemed to have picked the low-hanging the fruit for the most expensive iphones and now they're selling somewhat more iphone 4s and 4ss that won't make as much money. >> and they haven't truly innovated since they lost steve jobs, so there are a lot of questions about whether they can innovate. >> i have long-term questions about that, but i think what you see happening now would happen whether steve jobs was alive or not. >> they used t
so some optimism with the economy. look at the stock futures, the nasdaq still negative, and that has to do with apple. i know you already talked about it, where there are these two very interesting things here. they have $137 billion in cash, okay? they made $13 billion in profit. they're still selling 48 million iphones, 23 million ipads, but it wasn't good enough. the stock down 10%. but they could buy the nba 14 times over. >> any company in this world that has ever had $137 billion...
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fraud and zero collateral far more disgusting and dangerous than the horsemeat and yet the british economy collapses due to this disgusting fraud pies sold by the city and the taxpayer shrugs their collective shoulders and says gee these mud pies of austerity sure taste great with a little brown sauce and horsemeat tasting yes max so the news here has been just chock a block with this whole horsemeat story and i've never seen so many people interested in this big story and yet the very same week that we have just say nay horse me in burgers who are pfizer u.k. the very same day you see this headline lloyds in r.b.s. need billions more capital bank of england says britain's bailed out banks need billions of pounds more capitals to shore up their balance sheets and support the economy senior bank of england officials have warned u.k. regulators have given royal bank of scotland and lloyds banking group until march to begin dealing with a black hole that brooks newmark a tory member of the treasury select committee suggests it could be as large just thirty billion pounds. i think it's a great
fraud and zero collateral far more disgusting and dangerous than the horsemeat and yet the british economy collapses due to this disgusting fraud pies sold by the city and the taxpayer shrugs their collective shoulders and says gee these mud pies of austerity sure taste great with a little brown sauce and horsemeat tasting yes max so the news here has been just chock a block with this whole horsemeat story and i've never seen so many people interested in this big story and yet the very same...
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we saw signs of a slowing global economy. we thought it with be use phil -- use to provide juice to the economy. liz:. liz: benjamin netanyahu needs to put a coalition together to because he didn't have enough votes toe run the country. what is next for israel? what do you expect happens? will the political landscape make it more difficult for you in your job? >> well the key thing we have is independence. so monetary policy is under the control of the bank of israel. not openly me. there is a monetary policy committee, as in the fed. and other countries. but, what we'll be able to do will depend a lot on what sort of budget that the government puts together, the new government. and we have probably to reduce our deficit quite significantly, our budget deficit. so it will be tough. but, any government coming in which can put the budget in shape for three or four years would be well-sized to do that. liz: you are surrounded by enemies in many regards. it is always a worry with arab nations who at least some of them don't want
we saw signs of a slowing global economy. we thought it with be use phil -- use to provide juice to the economy. liz:. liz: benjamin netanyahu needs to put a coalition together to because he didn't have enough votes toe run the country. what is next for israel? what do you expect happens? will the political landscape make it more difficult for you in your job? >> well the key thing we have is independence. so monetary policy is under the control of the bank of israel. not openly me. there...
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for this economy. let's to -- >> what happened in 2007 when he was in the senate -- >> i want to go back to hostess. neil, hostess had to deal with nearly 400 collective bargaining agreement west virginia the bakers unions and that amounted to 80 different healthcare plans and then 40 different pension plans, and what everybody knows and research shows is that states are on the verge of bankruptcy because they have three trillion dollars of underfunded pensions, thanks to public sector workers. >> in the case of hose success, i will say this, there were him in -- nimrods running the country, and ran it into the ground. >> doesn't help when you have to deal with 400 different -- >> might be a point about that. carolyn, he we are with wages out of walk with the wrying right to work states. how are people going to get jobs if the governments see that and realize they want cheaper jobs? >> well, neil, would argue that we have seen productivity go up and wages go down so i would challenge the fundamental fu
for this economy. let's to -- >> what happened in 2007 when he was in the senate -- >> i want to go back to hostess. neil, hostess had to deal with nearly 400 collective bargaining agreement west virginia the bakers unions and that amounted to 80 different healthcare plans and then 40 different pension plans, and what everybody knows and research shows is that states are on the verge of bankruptcy because they have three trillion dollars of underfunded pensions, thanks to public...
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economy growing. well now, we've got a bigger problem on our hands. >> reporter: in fact, it all reminds mansharamani of the last great asian bubble: japan. that's our stretch of a segue to the tables down at morys and a whiff of the whiffenpoofs, yales famed a capella singing group. the professor had invited us to dinner with three of his former students. jared middleman and zachary graham buy into the china bubble hypothesis. rhodes scholar-designate cate laporte-oshiro does not. >> i think that while they have a lot of pressure stacked against them, declining labor force, overinvestment corruptions, scandals, at the same time they've done fairly well dealing with a lot of different problems at one time. >> i thought we learned through the example of the soviet union that central planning is good at mobilizing resources but is not good at sustaining innovation, not good at sustaining incentives for real long term growth. >> reporter: and yet, given all the trillions the country has amassed over the
economy growing. well now, we've got a bigger problem on our hands. >> reporter: in fact, it all reminds mansharamani of the last great asian bubble: japan. that's our stretch of a segue to the tables down at morys and a whiff of the whiffenpoofs, yales famed a capella singing group. the professor had invited us to dinner with three of his former students. jared middleman and zachary graham buy into the china bubble hypothesis. rhodes scholar-designate cate laporte-oshiro does not....
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economy growing. well now, we've got a bigger problem on our hands. >> reporter: in fact, it all reminds mansharamani of the last great asian bubble: japan. that's our stretch of a segue to the tables down at morys and a whiff of the whiffenpoofs, yales famed a capella singing group. the professor had invited us to dinner with three of his former students. jared middleman and zachary graham buy into the china bubble hypothesis. rhodes scholar-designate cate laporte-oshiro does not. >> i think that while they have a lot of pressure stacked against them, declining labor force, overinvestment, corruptions, scandals, at the same time they've done fairly well dealing with a lot of different problems at one time. >> i thought we learned through the example of the soviet union that central planning is good at mobilizing resources but is not good at sustaining innovation, not good at sustaining incentives for real long term growth. >> reporter: and yet, given all the trillions the country has amassed over the
economy growing. well now, we've got a bigger problem on our hands. >> reporter: in fact, it all reminds mansharamani of the last great asian bubble: japan. that's our stretch of a segue to the tables down at morys and a whiff of the whiffenpoofs, yales famed a capella singing group. the professor had invited us to dinner with three of his former students. jared middleman and zachary graham buy into the china bubble hypothesis. rhodes scholar-designate cate laporte-oshiro does not....
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gerri: they contribute to the unravelling of the economy. how'd you come down on this? >> i'd like redemption fees and all. gerri: i don't like any fees. >> i know. with a money-market account, you're going backwards. that's the story. for all losing two, three, 4 percent three-year. that's what americans are really concerned about. gerri: the stock draw something happy, and doug e. 21st. >> but is not to love. interest rates are at a 65 year low. banks lending money. yeah first-time homebuyers back in the market buying properties at 30 to 40% discount. strike across the country and it will continue to get stronger. everything we see in the economy right now as a result of homes being rebuilt, construction and low inventory, posit for real estate. gerri: what do you say? >> us talk about a little bit of reality. we spent roughly $30 trillion of bailing out homestall bailing out mortgages, bailing out banks . the housing recovery is good. driven by tons of artificial stimulants, taxpayer dollars. gerri: is it sustainable? >> it's not if you begin to take away, if they st
gerri: they contribute to the unravelling of the economy. how'd you come down on this? >> i'd like redemption fees and all. gerri: i don't like any fees. >> i know. with a money-market account, you're going backwards. that's the story. for all losing two, three, 4 percent three-year. that's what americans are really concerned about. gerri: the stock draw something happy, and doug e. 21st. >> but is not to love. interest rates are at a 65 year low. banks lending money. yeah...
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your sense on the mood of an economy. steams you come there and you obviously things don't always always come through. northbound suggested it's because the adjectives are fun. do you buy that? >> no. i would say the last couple of years, people were pretty negative. i have to say, though i've only been here a day, people are pretty positive this time. a bit more optimistic about what might be happening. i wouldn't say it's time to pop champagne, but people have been more positive this year. >> thank you for being here. joe, becky, back to you guys. we'll see new a little bit. we have a fun segment for you at 6:30. >> you do. i looked through some of the stuff, andrew. you're a regular skier. >> it's a little embarrassing, but we'll show it to you. >> don't give it away. >> but your heel -- >> there it is. >> your heel is not tethers to the ski, right? that's what makes it -- right? >> this is a different type of skiing that i had never done before. >> oh, god. good. >> now you've got the piece. you'll see it. there might
your sense on the mood of an economy. steams you come there and you obviously things don't always always come through. northbound suggested it's because the adjectives are fun. do you buy that? >> no. i would say the last couple of years, people were pretty negative. i have to say, though i've only been here a day, people are pretty positive this time. a bit more optimistic about what might be happening. i wouldn't say it's time to pop champagne, but people have been more positive this...
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forecast the global economy to growth 3.5%. that's down slightly from its earlier prediction back in october, thanks in part to the recession continuing in europe. oliveer blargchard joins us. are the policies addressing the recession not working or does it just need for time. >> they are working. the adjustment is very tough. i just heard the numbers you gave. the negative numbers -- these countries have very tough adjustments to make. we know they have to become more competitive. they have a large fiscal deficit they have to eliminate. this is tough, and so these countries have neglecnegativegoals this year. the core countries have the same problems, but not to the same extent. nothing great, between 0% and 1%, but one has to make the difference, too. things are working, and working slowly. >> tom: you talk about the peripheral of europe, greece, spain, in particular, and italy. you warn that, quote,"the risks of prolonged stagnation in the euro area as a whole will rise if the momentum for reform is not maintained." so the c
forecast the global economy to growth 3.5%. that's down slightly from its earlier prediction back in october, thanks in part to the recession continuing in europe. oliveer blargchard joins us. are the policies addressing the recession not working or does it just need for time. >> they are working. the adjustment is very tough. i just heard the numbers you gave. the negative numbers -- these countries have very tough adjustments to make. we know they have to become more competitive. they...
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Jan 24, 2013
01/13
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if we get the oil, that's great for the american economy and canadian economy. the oil will still be bought and sold in a global market and chan is -- china is a part of that, as is the united states. building the pipeline will help the america economy. >> tyson, you're trying to cover up your basic argument, which is you hate fossil fuel and want to stop this at almost all cost. today we heard they'll have civil disobedience to stop this this evening. you don't want carbon in the air. on the other side, we're going to have carbon in the air. the u.s. information agency said it's going to go up by 10% in the next 25 years no matter what we do and this pipeline will give you 25,000 direct jobs and 200,000 indirect jobs. put your cards on the table. you know you're making false arguments, tyson. >> absolutely not. there's no question there are three big issues here. one is climate change is very real and the tar sands oil has a greater impact on increasing global climate change and so we have to acknowledge that the weather patterns are increasing and getting wors
if we get the oil, that's great for the american economy and canadian economy. the oil will still be bought and sold in a global market and chan is -- china is a part of that, as is the united states. building the pipeline will help the america economy. >> tyson, you're trying to cover up your basic argument, which is you hate fossil fuel and want to stop this at almost all cost. today we heard they'll have civil disobedience to stop this this evening. you don't want carbon in the air. on...
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Jan 24, 2013
01/13
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the table is set for the economy to do well. connell: one of the many influential leaders over there in davos. liz is live with us now with another one of those leaders. take it away. liz: what jamie dimon met by good policy was in essence of the grand bargain of sorts that would put a end to all the questions about spending and taxation so businesses could go forward. those questions will always be there. jpmorgan just came out with great earnings last week. what you see there is they can do business in any kind of atmosphere. there was not as much complaining by jamie dimon this time around about all the legislation. john chambers of cisco, they route all of the big events. in fact, they wanted the entire london olympics. they brought that up. i talked about how that is one american company that is at least maintaining that leadership. here is what john chambers said. >> we were very fortunate. a big partner with media. the point that you sent mail for, and thank you for it, we bring video to life that we changed productivity,
the table is set for the economy to do well. connell: one of the many influential leaders over there in davos. liz is live with us now with another one of those leaders. take it away. liz: what jamie dimon met by good policy was in essence of the grand bargain of sorts that would put a end to all the questions about spending and taxation so businesses could go forward. those questions will always be there. jpmorgan just came out with great earnings last week. what you see there is they can do...
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Jan 24, 2013
01/13
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to what extent s this dangerous for the economy? >> it's very dangerous. if you bump not national debt ceiling even if as critics say the secretary of the treasury can prioritize payments and make the payments on the national debt, the government's going to be a deadbeat on something. it's bills to contractors, its salary obligations, something will happen and at least we've got that off the table for a few months. >> washington does this all the time. they have these short-term fixes. how do you feel about thoughs? >> it's better than nothing. what is the alternative, a government shutdown as we may be facing at the end of march. so if they keep doing these short-term fixes, at least we're not having a calamity. the problem, of course, is the longer you delay a lot of these things, the harder it gets. >> so put politic as side, what is the solution to this budget and debt cries snis. >> well, you remember bill clinton at the convention said arithmetic. it comes down to arithmetic. we've got this yawning gap between what the government takes in and what it
to what extent s this dangerous for the economy? >> it's very dangerous. if you bump not national debt ceiling even if as critics say the secretary of the treasury can prioritize payments and make the payments on the national debt, the government's going to be a deadbeat on something. it's bills to contractors, its salary obligations, something will happen and at least we've got that off the table for a few months. >> washington does this all the time. they have these short-term...
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Jan 24, 2013
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economy actually is right now? >> i think the u.s. economy wants to be strong. >> reporter: but mary callahan erdoes says the bickering in washington is holding it back. erdos is one of the most powerful women on wall street. as c.e.o. of j.p. morgan asset management, she presides over $1.2 trillion in investments. >> the u.s. has to realize it's got so much going for it. let's just get ourselves to come together as a team, one team running that country, helping to get itself back on stable footing which then cascades to the rest of the world. >> reporter: how much does it hurt the economy if we don't confront this? >> it hurts us tremendously. it hurts the confidence of the u.s., it hurts the confidence of the c.e.o.s to know how do i invest? what are the rules going to be? and we've got to get back to believing that business is good. american business is good. >> reporter: erdoes is making her fourth trip to the world economic forum in davos. the talk here is of recovery. does the atmosphere feel a little better this year? >> it fee
economy actually is right now? >> i think the u.s. economy wants to be strong. >> reporter: but mary callahan erdoes says the bickering in washington is holding it back. erdos is one of the most powerful women on wall street. as c.e.o. of j.p. morgan asset management, she presides over $1.2 trillion in investments. >> the u.s. has to realize it's got so much going for it. let's just get ourselves to come together as a team, one team running that country, helping to get itself...
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Jan 24, 2013
01/13
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economy is set to grow by 37%. the federal government will spend more than $4.4 trillion on the program over that time. and according to the national governors association, medicaid represents the single largest portion of total state spending accounting for an estimated of 26.63% of state budgets next year. or last year actually. so between medicare and medicaid, we have two programs that threaten to swallow up not only the federal government, but state governments as well. we simply cannot afford to keep these programs running on auto pilot nor can we afford to just tinker around the edges when we talk about reform. if we're serious about dressing our nation's debt, medicare and medicaid need structural reforms. today i want to lay out five preserving reform proposals that can help to rein in entitlement spending and put our nation on a better fiscal course. these are reasonable, rational ideas that have all enjoyed bipartisan support over the years. i believe they should be included in any deficit-reduction pack
economy is set to grow by 37%. the federal government will spend more than $4.4 trillion on the program over that time. and according to the national governors association, medicaid represents the single largest portion of total state spending accounting for an estimated of 26.63% of state budgets next year. or last year actually. so between medicare and medicaid, we have two programs that threaten to swallow up not only the federal government, but state governments as well. we simply cannot...
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Jan 24, 2013
01/13
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economy, cooling down growth there as well. the imf also sing about the risk of stagnation within the eurozone. companies like this machinery firm in germany depend on foreign markets to sell their products, and they are feeling the squeeze as customers abroad have less money to spend on european goods. according to the imf, the euro crisis and the global debt crisis are the greatest threats to global economic growth. the imf has trimmed its growth outlook for 2013 to 3.5%. it predicts a rebound to 4.1% in 2014. growth forecasts for developed nations have dropped to 1.4% for 2013, and growth is expected to hover near 2.2% for 2013. india and china remain the motors of the globa economy, the imf has also downgraded their growth levels for this year. >> i just a moment, did germany's education minister plagiarize her phd? >> first, the stories. suicide bombing at a shiite mosque in northern iraq has claimed the les of at least2 peop. dozens more were wounded. it is the latest in a spate of sectarian bombings and follows mass prot
economy, cooling down growth there as well. the imf also sing about the risk of stagnation within the eurozone. companies like this machinery firm in germany depend on foreign markets to sell their products, and they are feeling the squeeze as customers abroad have less money to spend on european goods. according to the imf, the euro crisis and the global debt crisis are the greatest threats to global economic growth. the imf has trimmed its growth outlook for 2013 to 3.5%. it predicts a...
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find out what's really happening to the global economy with my stronger for a no holds barred look at the global financial headlines tune into kinds a report on our. choose your language. of choice week over the influential senators today still some of. the fumes that consensus you can. choose to give to us that invigorating to. choose to stories that impact your life choose the access to to off. thanks for staying with us here on r t sixteen minutes past the hour now at least one person has been killed in jordan is furious supporters of the islamist opposition clashed with those loyal to king abdullah the violence was sparked after a partial parliamentary election results were announced they show the pro-government candidates will have seventy five percent of the seats are ceaselessly caffein out as more in the first parliamentary vote in jordan since the an arrest started two years ago there. these elections and the series of frankly cautious reforms that came along with it are really a way for the monarchy to sort of try to straddle both sides to give people enough of a sense of ch
find out what's really happening to the global economy with my stronger for a no holds barred look at the global financial headlines tune into kinds a report on our. choose your language. of choice week over the influential senators today still some of. the fumes that consensus you can. choose to give to us that invigorating to. choose to stories that impact your life choose the access to to off. thanks for staying with us here on r t sixteen minutes past the hour now at least one person has...
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Jan 24, 2013
01/13
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economy right now. >> well, you know, i wish we had more certainty. as we look out with the uncertainty caused by some of the congressional situations that occurred, we'd hike to get more certainty. it certainly helps the bond markets, the financial markets. >> so financing your debt is more difficult when you have less clarity then, is that what you're saying? >> financed at very attractive rates. >> i would think so. >> but overall i think we would like to see certainty. the other thing, you know, from a corporate perspective, we'd love to see something done on the corporate tax rate here in the u.s. love to keep more jobs here. just got to find a way to solve that problem. >> how does obama care and the health reform affect you as a company? >> well, certainly it provides re people will be covered by prescriptions. that's great news for the entire pharmaceutical space. for our particular company, we don't focus so much on continuous care medicines. we generally focus on women's health, those kind of issues so for us not as great but for other pharm
economy right now. >> well, you know, i wish we had more certainty. as we look out with the uncertainty caused by some of the congressional situations that occurred, we'd hike to get more certainty. it certainly helps the bond markets, the financial markets. >> so financing your debt is more difficult when you have less clarity then, is that what you're saying? >> financed at very attractive rates. >> i would think so. >> but overall i think we would like to see...
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Jan 24, 2013
01/13
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stuart: rich people -- >> stimulate the economy. everyone working on the job, 100 or so employees are working, middle-class americans who are getting employment as a result of our ability to self-come people and one of the reason they are going to florida, why are they going to florida? they don't pay income tax. stuart: are your building project union free? >> some are. miami is a right to work state. we use union labor when it is the best qualified product. stuart: we appreciate that. i am going to move on to obamacare. most of the provisions do not kick in until next year but that has not stopped insurance companies from making us pay more for than now this year. joining us now, american health insurance plan spokesperson. i have three questions for you. if health-insurance premiums, the cost is going up, how much is it going up for those people who are individuals buying their own health insurance. what the in the you see this year? >> that is a good question and you are right. most of the reforms are going into effect in 2014 b
stuart: rich people -- >> stimulate the economy. everyone working on the job, 100 or so employees are working, middle-class americans who are getting employment as a result of our ability to self-come people and one of the reason they are going to florida, why are they going to florida? they don't pay income tax. stuart: are your building project union free? >> some are. miami is a right to work state. we use union labor when it is the best qualified product. stuart: we appreciate...
SFGTV2: San Francisco Government Television
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Jan 24, 2013
01/13
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man: infrastructure is vital to the american economy. water, after all, is an essential ingredient in hundreds of thousands of everyday products. narrator: agriculture and industry use roughly 80% of the water consumed in the united states. water is the basis for manufacturing many goods and provides the ability to clean and sterilize everything from computer chips to the surgical instruments used in hospitals. kelly: the minute that there's not enough water for businesses, industry, and individuals, they have to go elsewhere. and when they go elsewhere, jobs go elsewhere. your entire economy begins to suffer with the lack of clean water. narrator: while the water infrastructure provides for our health, safety, and economy, a growing concern is that the value society derives from water has not traditionally been reflected in the price we pay for water. man: when you take a look at how much people pay for water, as a percentage of median household income, it's usually less than 1%. and when you compare that to how much we pay for electric
man: infrastructure is vital to the american economy. water, after all, is an essential ingredient in hundreds of thousands of everyday products. narrator: agriculture and industry use roughly 80% of the water consumed in the united states. water is the basis for manufacturing many goods and provides the ability to clean and sterilize everything from computer chips to the surgical instruments used in hospitals. kelly: the minute that there's not enough water for businesses, industry, and...
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Jan 24, 2013
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i think it's just the economy is very weak. but what i'd like to focus on is what's going to happen to investments in the next couple of years. if they're going ahead with the spread of a new referendum, people used to talk about the uncertainty hanging over europe or because of the fiscal cliff. this is going to be a real dagger in any british recovery. >> it's interesting, i spoke to lord brown who is now with str consulting. he told me -- and i've asked him to send me this survey. he told me last night that they have a survey of international companies who tell me they think it would be fine if britain was in a view. as long as they had the rule of law with the rest of the world, they would be happy with that. >> i talked to the planning people and the ceos of a lot of multi nationals. none of them that i speak with are saying that. the uk should never become hong kong or singapore not because they aren't great things, but because they're tiny countries. of course we'll have to stick with rule of law. of course we'll have to
i think it's just the economy is very weak. but what i'd like to focus on is what's going to happen to investments in the next couple of years. if they're going ahead with the spread of a new referendum, people used to talk about the uncertainty hanging over europe or because of the fiscal cliff. this is going to be a real dagger in any british recovery. >> it's interesting, i spoke to lord brown who is now with str consulting. he told me -- and i've asked him to send me this survey. he...
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find out what's really happening to the global economy with. for a no holds barred look at the global financial headlines kaiser report. he . and yes they know about that asked the manager i'm talking to nicole last month without rice and the vice president of the bolivarian republic of it is well this well that mr vice president i'll come to our city and i want to thank you but always a pleasure and we would like to ask you what i asked that right now my on the phone is how does the president chavez deal way do you have any update on his present condition be coming back to venezuela soon whether it was a chill. at the scene we've already said that president chavez is recuperating i raise is almost over has been a long and difficult process but the president was aware of the old saw as vigor and energy is simply amazing the surgery was very difficult president chavez suffered in tunnel leading up which was a very low we all saw it i should say that commandant's a rebel castro and his team were with chavez and his relatives the whole time with v
find out what's really happening to the global economy with. for a no holds barred look at the global financial headlines kaiser report. he . and yes they know about that asked the manager i'm talking to nicole last month without rice and the vice president of the bolivarian republic of it is well this well that mr vice president i'll come to our city and i want to thank you but always a pleasure and we would like to ask you what i asked that right now my on the phone is how does the president...
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Jan 24, 2013
01/13
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the economy is booming and new opportunities abown. abound. as the nation's middle-class expands, so does personal consumption. but people aren't just buying things. they're going places, too. trips to japan reached a record at this travel agency last year. a vacation to japan used to be a dream for most people. but for the middle class, it's now a real possibility. in order to get more tourists to go to japan, this travel agency offers different types of tour packages to hokkaido, among many other places. the president of the company and her staff are busy planning new trips for spring. >> for this year we will concentrate on things that we should not miss in japan, the cherry blossoms. >> reporter: some of the filipino tourists heading to japan will travel on a local carrier, operating between tokyo and manila last march. collections like these are helping the travel market. >> we'll continuously grow, again, because of the affordability to diversify by product. those are the strategies. >> reporter: japanese destinations are eager to show w
the economy is booming and new opportunities abown. abound. as the nation's middle-class expands, so does personal consumption. but people aren't just buying things. they're going places, too. trips to japan reached a record at this travel agency last year. a vacation to japan used to be a dream for most people. but for the middle class, it's now a real possibility. in order to get more tourists to go to japan, this travel agency offers different types of tour packages to hokkaido, among many...
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Jan 24, 2013
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low, but a guest said, look, washington is going to mess up the economy. the sequestering issue is prevalent, and the debt ceiling debate is going to further erode consumer confidence, people will not spend, and the rally might be in jeopardy. i'm a real basking of hopefulness and positivity. >> thank you so much. the unions, lou dobbs weighs in on dwindling union membership, but to the point, there's a rally holding on, but a rally nonetheless. >> that's right. the s&p right now, which was above 1500, 1502 to be exact a short time ago, back to the levels we saw in 2007. we're trying to hang on to the rally, but thinking the dow was up more than a hundred points, and now it's up 3 dlsh 4 -- 41. >> will the markets hold on despite with what's going on with apple breaking down? clinging to green, approached the 1500 level not seen in years. if we end higher, that's the 7th consecutive day of gains, the longest winning streak in more than six years for the s&p. >> and no longer the apple of wall street's eye. it pummeledded as they posted the fourth most prof
low, but a guest said, look, washington is going to mess up the economy. the sequestering issue is prevalent, and the debt ceiling debate is going to further erode consumer confidence, people will not spend, and the rally might be in jeopardy. i'm a real basking of hopefulness and positivity. >> thank you so much. the unions, lou dobbs weighs in on dwindling union membership, but to the point, there's a rally holding on, but a rally nonetheless. >> that's right. the s&p right...
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Jan 24, 2013
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and as the economy picks up, you have to take that money out. >> you are expecting that once we see a change in interest rates, that it happens fast, it happens furious. when would you expect a spike in interest rates? >> as soon as there's clear signs of pickup in the economy. >> let me ask you, i know you're a press conference. you're speaking later on this week about drug policy. why is this topic one for you? >> the war on drugs has done much more damage than the drugs themselves. and we need a different approach. i think it's also gaining ground in america because of the financial crisis where putting nonviolent offenders in prison is very expensive. in california, you're spending more on the prison system than on the education system. i find that totally unacceptable. >> that's amazing. >> so i think there's change in the wind. >> george, good to have you on the program. thanks very much. >> my pleasure. >> george soros joining us. bill, back to you. >> let's send it over to bertha coombs. >> to the mattresses. 9 1/2 position on this stock. tempur-pedic stopped expectations af
and as the economy picks up, you have to take that money out. >> you are expecting that once we see a change in interest rates, that it happens fast, it happens furious. when would you expect a spike in interest rates? >> as soon as there's clear signs of pickup in the economy. >> let me ask you, i know you're a press conference. you're speaking later on this week about drug policy. why is this topic one for you? >> the war on drugs has done much more damage than the...